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Pound Boosted as U.K. Mortgage Approvals Reach Post-Brexit High | Tony Seruga
Nov
29

Pound Boosted as U.K. Mortgage Approvals Reach Post-Brexit High

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  • Sterling only major currency to rise versus dollar this month
  • U.K. data “continues to surprise to the upside”: Mizuho

The pound rose amid mounting evidence the U.K. economy is weathering the fallout from Brexit better than analysts expected.

Sterling climbed for the first time in three days against the euro as a report showed mortgage approvals reached the highest since March last month, indicating the housing market remains robust following the June vote to leave the European Union. The better-than-expected data are helping to counteract currency traders’ longer-term concerns over the nature of Britain’s exit from the bloc…

Pound Boosted as U.K. Mortgage Approvals Reach Post-Brexit High

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